Faering Capital weighs a new deal; Celesta makes an exit move; Cedar Capital gets an LP

Trouble viewing this email? [View in web browser](/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA2LTI1Lmh0bWw=/667ad655251525baa3387034-20240625) [VCCircle](/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/667ad655251525baa3387034-20240625) Tuesday, 25 Jun 2024 /2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/667ad655251525baa3387034-20240625 /3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZhZXJpbmdjYXBpdGFsLWluLXRhbGtzLWZvci1pbnZlc3RtZW50LWluLWxvY2FsLWNvbnN1bWVyLWJyYW5k/667ad655251525baa3387034-20240625 Private Equity [Faering Capital in talks for investment in consumer brand](/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZhZXJpbmdjYXBpdGFsLWluLXRhbGtzLWZvci1pbnZlc3RtZW50LWluLWxvY2FsLWNvbnN1bWVyLWJyYW5k/667ad655251525baa3387034-20240625) Homegrown private equity firm Faering Capital is in advanced stages of discussion for its first investment in 2024 and its fifth one from its third ...... [Read more](/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZhZXJpbmdjYXBpdGFsLWluLXRhbGtzLWZvci1pbnZlc3RtZW50LWluLWxvY2FsLWNvbnN1bWVyLWJyYW5k/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Venture Capital [How was Silicon Valley VC firm Celesta’s partial exit from India deeptech bet?](/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd3dhc3NpbGljb24tdmFsbGV5LXZjLWZpcm0tY2VsZXN0YS1zLXBhcnRpYWwtZXhpdC1mcm9tLWluZGlhLWRlZXB0ZWNoLWJldA==/667ad655251525baa3387034-20240625) Celesta Capital, a deeptech-focused venture capital firm that has been increasing its focus on India over the last few years, is reaping multi-fold ...... [Read more](/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd3dhc3NpbGljb24tdmFsbGV5LXZjLWZpcm0tY2VsZXN0YS1zLXBhcnRpYWwtZXhpdC1mcm9tLWluZGlhLWRlZXB0ZWNoLWJldA==/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Startups [Bottomline: VC-backed fintech startup Olyv doubles revenue, turns profitable](/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmV2Yy1iYWNrZWQtZmludGVjaC1zdGFydHVwLW9seXYtZG91Ymxlcy1yZXZlbnVlLXR1cm5zLXByb2ZpdGFibGU=/667ad655251525baa3387034-20240625) Fintech startup SmartCoin, which rebranded to Olyv in February this year, more than doubled its revenue in the last financial year and turned a profit...... [Read more](/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmV2Yy1iYWNrZWQtZmludGVjaC1zdGFydHVwLW9seXYtZG91Ymxlcy1yZXZlbnVlLXR1cm5zLXByb2ZpdGFibGU=/667ad655251525baa3387034-20240625) --------------------------------------------------------------- /10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hlYWx0aGNhcmVmb2N1c3NlZC1ub3ZvLWhvbGRpbmdzLWJldHMtb24taG9tZWdyb3duLWFncml0ZWNoLWZpcm0=/667ad655251525baa3387034-20240625 Private Equity [Healthcare-focussed Novo Holdings bets on homegrown agritech firm](/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hlYWx0aGNhcmVmb2N1c3NlZC1ub3ZvLWhvbGRpbmdzLWJldHMtb24taG9tZWdyb3duLWFncml0ZWNoLWZpcm0=/667ad655251525baa3387034-20240625) Danish investor Novo Holdings, which has primarily invested in healthcare companies in India and owns a majority stake in weight-loss drugmaker Novo ...... [Read more](/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hlYWx0aGNhcmVmb2N1c3NlZC1ub3ZvLWhvbGRpbmdzLWJldHMtb24taG9tZWdyb3duLWFncml0ZWNoLWZpcm0=/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Venture Capital [Cedar Capital taps Saudi LP for maiden venture capital fund](/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NlZGFyY2FwaXRhbC10YXBzLXNhdWRpLWxwLWZvci1tYWlkZW4tdmVudHVyZS1jYXBpdGFsLWZ1bmQ=/667ad655251525baa3387034-20240625) Cedar Capital, a venture capital firm formed by management consulting firm Cedar Consulting and fintech market intelligence platform IBS Intelligence...... [Read more](/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NlZGFyY2FwaXRhbC10YXBzLXNhdWRpLWxwLWZvci1tYWlkZW4tdmVudHVyZS1jYXBpdGFsLWZ1bmQ=/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Analysis [Searchlight: Unimed Health’s margins set to rebound as new hospital boosts revenue](/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYXJjaGxpZ2h0dW5pbWVkLWhlYWx0aC1zLW1hcmdpbnMtc2V0LXRvLXJlYm91bmQtYXMtbmV3LWhvc3BpdGFsLWJvb3N0cy1yZXZlbnVl/667ad655251525baa3387034-20240625) Hyderabad-based Star Hospitals, run by Unimed Health Care Pvt. Ltd, is likely to record double-digit expansion in revenue and improve its profit ...... [Read more](/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYXJjaGxpZ2h0dW5pbWVkLWhlYWx0aC1zLW1hcmdpbnMtc2V0LXRvLXJlYm91bmQtYXMtbmV3LWhvc3BpdGFsLWJvb3N0cy1yZXZlbnVl/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Credit [Mindspace Business Parks REIT raises $78 mn from international investor](/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21pbmRzcGFjZWJ1c2luZXNzLXBhcmtzLXJlaXQtcmFpc2VzLTc4LW1uLWZyb20taW50ZXJuYXRpb25hbC1pbnZlc3Rvcg==/667ad655251525baa3387034-20240625) Mindspace Business Parks REIT, a real estate investment trust focused on Grade-A office properties, has raised debt capital from an international ...... [Read more](/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21pbmRzcGFjZWJ1c2luZXNzLXBhcmtzLXJlaXQtcmFpc2VzLTc4LW1uLWZyb20taW50ZXJuYXRpb25hbC1pbnZlc3Rvcg==/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Venture Capital [Zyod, Cloudphysician, Sid’s Farm raise Series A funding](/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FwcGFyZWxtYWtlci16eW9kLWhlYWx0aHRlY2gtc3RhcnR1cC1jbG91ZHBoeXNpY2lhbi1yYWlzZS1zZXJpZXMtYS1mdW5kaW5n/667ad655251525baa3387034-20240625) Business-to-business (B2B) apparel sourcing and manufacturing startup Zyod and Cloudphysician Healthcare Pvt. Ltd, a healthcare technology company ...... [Read more](/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FwcGFyZWxtYWtlci16eW9kLWhlYWx0aHRlY2gtc3RhcnR1cC1jbG91ZHBoeXNpY2lhbi1yYWlzZS1zZXJpZXMtYS1mdW5kaW5n/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Venture Capital [Nitro Commerce, LetsDressUp, two others raise early-stage funding](/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZpbnRlY2hzdGFydHVwcy1wbHVzLWdvbGQtbHhtZS1yYWlzZS1lYXJseS1zdGFnZS1mdW5kaW5n/667ad655251525baa3387034-20240625) Marketing technology startup Nitro Commerce, apparel maker LetsDressUp and fintech startups Plus Gold and LXME secured early-stage funding, the ...... [Read more](/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZpbnRlY2hzdGFydHVwcy1wbHVzLWdvbGQtbHhtZS1yYWlzZS1lYXJseS1zdGFnZS1mdW5kaW5n/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Venture Capital [8VC, Matrix, Nexus lead Series B round in Rocketlane](/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLzh2Y21hdHJpeC1uZXh1cy1sZWFkLXNlcmllcy1iLXJvdW5kLWluLXJvY2tldGxhbmU=/667ad655251525baa3387034-20240625) Rocketlane, a B2B SaaS platform for client project delivery, has raised $24 million (Rs 200 crore) in its Series B funding round co-led by venture ...... [Read more](/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLzh2Y21hdHJpeC1uZXh1cy1sZWFkLXNlcmllcy1iLXJvdW5kLWluLXJvY2tldGxhbmU=/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Venture Capital [Equirus onboards new venture partner for maiden VC fund](/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VxdWlydXNvbmJvYXJkcy1uZXctdmVudHVyZS1wYXJ0bmVyLWZvci1tYWlkZW4tdmMtZnVuZA==/667ad655251525baa3387034-20240625) Financial services firm Equirus Capital Wednesday said it has onboarded angel investor and ITFinity founder Krishna Jha as a venture partner for ...... [Read more](/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VxdWlydXNvbmJvYXJkcy1uZXctdmVudHVyZS1wYXJ0bmVyLWZvci1tYWlkZW4tdmMtZnVuZA==/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Markets [Financials, banks lead Sensex, Nifty to end at 2-week high](/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZpbmFuY2lhbHNiYW5rcy1sZWFkLXNlbnNleC1uaWZ0eS10by1lbmQtYXQtMi13ZWVrLWhpZ2g=/667ad655251525baa3387034-20240625) Indian benchmarks settled at record closing highs on Tuesday, posting their best day in more than two weeks, lifted by a surge in heavyweight ...... [Read more](/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZpbmFuY2lhbHNiYW5rcy1sZWFkLXNlbnNleC1uaWZ0eS10by1lbmQtYXQtMi13ZWVrLWhpZ2g=/667ad655251525baa3387034-20240625) --------------------------------------------------------------- Markets [SEBI to tighten stock derivative, financial influencer rules](/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYml0by10aWdodGVuLXN0b2NrLWRlcml2YXRpdmUtZmluYW5jaWFsLWluZmx1ZW5jZXItcnVsZXM=/667ad655251525baa3387034-20240625) India's markets regulator is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop ...... [Read more](/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYml0by10aWdodGVuLXN0b2NrLWRlcml2YXRpdmUtZmluYW5jaWFsLWluZmx1ZW5jZXItcnVsZXM=/667ad655251525baa3387034-20240625) --------------------------------------------------------------- General [Grapevine: Everstone to merge two portfolio firms; Carraro Group’s India unit mulls IPO](/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWV2ZXJzdG9uZS10by1tZXJnZS10d28tcG9ydGZvbGlvLWZpcm1zLWNhcnJhcm8tZ3JvdXAtcy1pbmRpYS11bml0LW11bGxzLWlwbw==/667ad655251525baa3387034-20240625) Everstone Capital is set to merge two of its healthcare portfolio companies, Translumina Therapeutics and Everlife Holdings, in preparation for an ...... 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